QBE Insurance Group on Monday reported a return to full-year profit on an improved North American business even as it flagged falls in premium income due to a strengthening U.S. currency.
QBE Insurance Group Ltd. plans to raise about $750 million in a share placement and sell assets including part of its lenders mortgage insurance business in Australia after reporting an 18% drop in earnings.
Arthur J. Gallagher & Co., the insurance broker expanding beyond the U.S. through acquisitions, sold about $821.8 million of shares in an equity offering to help fund its latest deal.